Fed Govt May Reduce Minimum Tax Rate Next Year       The draft Finance Bill 2020 contains a proposal for the reduction of the minimum tax rate to be paid by companies next year in light of the current economic climate, according to the Fiscal Policy Reforms...

Fed Govt Considers Another Tax Exemption For Small Businesses       The exemption of small businesses from the payment of tertiary education tax has been proposed in the draft Finance Bill 2020. This was disclosed by the Fiscal Policy Reforms Committee, established by the Ministry of Finance, Budget...

The federal government is to float a $300 million Diaspora Bond as part of measures to galvanise the buy-in of foreign-based Nigerians into the Economic Recovery and Growth Plan (ERGP), the Special Adviser to the President on Economic Matters, Dr. Adeyemi Dipeolu, has said. The...

...Systemspecs, FG yet to agree on commission About N5.244 trillion has accrued to the Treasury Single Account (TSA) of the federal government so far, the Accountant-General of the Federation, Mr. Ahmed Idris, disclosed in Abuja at a 2-day retreat to review the TSA implementation in...

The latest report from the National Bureau of Statistics, NBS, says Nigeria’s Gross Domestic Product, GDP, has shrunk by 2.24 percent in the third quarter of 2016, falling deeper than recorded in the first and second quarter of the year. It disclosed that Nigeria’s economy...

The Federal Government has said it will set a time frame for the privatisation of the Nigerian National Petroleum Corporation and the refineries before the end of this year. As part of the deregulation of the downstream oil and gas sector, the Special Adviser to...